February 2016 CAR Imports
Foreign Trade: Imports
Foreign trade is the system by which countries exchange goods and services. Countries
trade with each other to obtain things that are of better quality, less expensive or simply
different from goods and services produced at home. The goods and services that are
bought from other countries are called imports.
For February 2016, the Cordillera Administrative Region (CAR) had imported a total
volume of 433,163 kilograms (kg). The volume of imports for the month decreased by
4.5% compared to the volume of 453,764 kg recorded in January 2016.
The region’s Free on Board (FOB) value of imported goods for February 2016 amounted
to $64,409,814. This was a decline of 36.3% from last month’s FOB value of
$101,029,253.
Table 1. 2016 CAR Imports for January and February
Month
Volume
(kg)
FOB Value
($)
February
433,163
64,409,184
January
453,764
101,029,253
Source: Philippine Statistics Authority
Imports by Commodity
Among the commodities, electrical machinery and equipment and parts thereof, aircraft,
spacecraft and parts thereof, and nuclear reactors continue to be the region’s top
imported commodities for February 2016.
Electrical machinery and equipment, and parts thereof had the highest import value of
$39,028,642 comprising 87,879.5 kg or 20.3% of the total imported goods for February
2016.
Aircraft, spacecraft, and parts thereof posted as the second highest imported commodity
with total import value of $10,274,388. Meanwhile, nuclear reactors, boilers, machinery
and mechanical appliance parts thereof ranked third contributing the amount of
$8,170,647 to the total import value of goods in the region. This is lower by 1.2% from
last month’s total import value.
PHILIPPINE STATISTICS AUTHORITY Volume I No. 6 June 2016
CORDILLERA ADMINISTRATIVE REGION
PSA-CAR SPECIAL RELEASE
FOREIGN TRADE STATISTICS
Page 2
PSA-CAR Special Release: February 2016 CAR Imports
Other major commodities imported by the region for February 2016 which comprise
39.9% of the total volume of imported goods were the following: optical, photographic,
cinematographic (3.3%), miscellaneous chemical products (1.5%), plastic and articles
thereof (18.5%), iron and steel (7.4%), natural and cultured pearls (0%), organic
chemical (4.9%), and aluminium and articles thereof (4.3%). These commodities had an
aggregated value of $5,296,562 or 8.2% share to the total cost of imports of the region
for the month.
Other imported commodities had an accumulated FOB value of $1,638,945 which
consists of only 2.5% of the total value of imported commodities for February 2016.
Table 2. Imports by Commodity in CAR: January and February 2016
Commodities
JANUARY
FEBRUARY
Volume
(kg)
FOB
($)
Share
(%)
Volume
(kg)
FOB
($)
Share
(%)
TOTAL
453,764.5
101,029,253
100.0
433,162.6
64,409,184
100.0
Electrical machinery and
equipment and parts
thereof
1
64,331.8
78,466,414
77.7
87,879.5
39,028,642
60.6
Aircraft, spacecraft, and
parts thereof
45,394.0
10,057,342
10.0
41,315.1
10,274,388
16.0
Nuclear reactors, boilers,
machinery and mechanical
appliance parts thereof
99,603.0
8,073,656
8.0
67,209.5
8,170,647
12.7
Optical, photographic,
cinematographic
2
4,745.1
905,407
0.9
14,367.5
1,940,047
3.0
Miscellaneous chemical
products
11,730.1
925,754
0.9
6,309.0
855,090
1.3
Plastic and articles thereof
75,395.1
525,687
0.5
80,103.1
725,223
1.1
Iron and steel
59,311.2
395,816
0.4
31,902.0
503,323
0.8
Natural and cultured pearls
3
24.7
20,032
0.0
59.0
428,965
0.7
Organic chemical
12,516.3
219,917
0.2
21,251.0
425,261
0.7
Aluminium and articles
thereof
12,242.4
301,000
0.3
18,826.0
418,653
0.6
Other
4
imported
commodities
68,470.8
1,138,228.0
1.1
63,940.9
1,638,945
2.5
1/
sound recorders and reproducers, television image and sound recorders and reproducers and parts and accessories of such articles
2/
measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
3/
precious or semi-precious stones, precious metals, metalclad with precious metals and articles thereof; limitation jewellery; coin
4/
represents the volume and values of the remaining 34 commodities combined together
Source: Philippine Statistics Authority
Page 3
PSA-CAR Special Release: February 2016 CAR Imports
Country of Origin
CAR largely imported goods from the United State of America, Republic of Korea and
Taiwan for February 2016. These goods had a combined value of $48,271,639
comprising 74.9% of the total value of imported commodities for the month.
Most of the imported commodities originated from United States of America (USA) with
total import value of $22,267,739 or 34.6% share on the total imports of CAR.
Compared to the previous month’s value of imports of $3,681,503, value of imports
increased sixfold in February of this year.
Imported commodities from the Republic of Korea also rose more than fivefold with
import value of $16,268,912 from the amount of $2,977,434 last January. Korean
imports comprised 25.3% of the regional aggregated imports. Whereas imports from
Taiwan (valued at $9,734,988) had 15.1% share of the total value of imported
commodities of the region.
The region also imported goods from other countries such as Japan (9.3%), Singapore
(5.6%), UK of Great Britain and N. Ireland (2.7%), France (1.6%), People’s Republic
of China (1.3%), Malaysia (1%), and Italy (0.8%). The value of imports from these
countries amounted to $13,774,229 or 21.4% share of all CAR imports.
Figure 1. CAR’s Top 10 Imports by Country: February 2016
Meanwhile, imported goods from countries such as India, Germany, Switzerland,
Hongkong, Netherlands, Thailand, Poland, U.A.E., Canada, Belgium, Israel, Portugal,
United States of
America, 34.6%
Republic of Korea,
25.3%
Taiwan (Rep. of
China), 15.1%
Japan, 9.3%
Singapore, 5.6%
UK of Great Briatain
& N. Ireland, 2.7%
France, 1.6%
China, 1.3%
Malaysia, 1.0%
Italy, 0.8%
Other Countries,
2.8%
Page 4
PSA-CAR Special Release: February 2016 CAR Imports
Vietnam, Qatar, Ukraine, U.S. minor outlying islands, Austria, Pakistan, and the Czech
Republic accounted to only 2.8% of the total value of imported goods of the region.
Ten (10) out of the 21 member countries of the Asia-Pacific Economic Cooperation
(APEC) were the primary sources of CAR’s import goods, namely Canada, Hongkong,
Vietnam, Thailand, Malaysia, China, Singapore, Japan, Korea, and United States of
America. These countries were also the region’s top trading partners with total import
receipts amounting to $49,933,064, representing 71.6% of the total imports of the
region.
On the other hand, imports from non-APEC countries had a total value of
$14,476,120.00, which comprised 28.4% of imported commodities of the region.
Comparison: Commodity by Country Source
CAR had spent the amount of $39,028,642 (40.3%) to buy 87,879.5 kg. (32.8%) of
electrical machinery and equipment and parts thereof. These commodities mainly
originated from the Republic of Korea, United States of America, and Japan.
Among the countries, CAR mainly imported from the Republic of Korea with total import
volume of 28,846.1 kg. consisting of electrical machinery and equipment, and parts
thereof. These had a total import value of $5,182.
Free on Board Value (FOB) – is the value of the goods free on board the carrier at the frontier of the exporting
country. It includes inland freight, export duty and other expenses. In addition, the value of goods in
the Philippine foreign trade statistics is FOB.
Country of Destination (Exports only) – it is the country where the goods are to be consumed, further
processed, or manufactured.
Country of Origin (Imports only) – it is the country where the goods are mined, grown, or manufactured or
where each foreign material used or incorporated in a good underwent a change in tariff classification
indicating a substantial transformation under the applicable rule of origin for the good.
Exports – the goods and services that are sold to other countries.
Imports – the goods and services that a country buys from other countries.
Philippine Standard Commodity Classification (PSCC) – is used to classify the imported commodities at
the most detailed level for statistical purposes.
Technical Notes
For more information, please contact:
Mail: PSA - CAR, Regional Office
141 CTLL Bldg. Abanao Extension, Baguio City
Tel. Nos.: (074) 442-7449
Telefax No.: (074) 443-7763
Email: socd_psacar@yahoo.com
psacordillera@yahoo.com.ph
Website: psacordillera.esy.es